The President’s energy plan is nothing new.  It is simply filled with ideas that I proposed eight months ago.  As a member of the House Energy and Commerce Committee, I called on the President last August and September to suspend deliveries to the Strategic Petroleum Reserve (SPR) and introduced legislation to establish a timeline for the FTC to conduct an investigation into price gouging.  Although the Energy Policy Act of 2005 directs the FTC to conduct an investigation into price gouging, there is no definitive timeline mandated by the legislation.  Additionally, I am a co-sponsor of H. Res. 299, which requires the President to suspend acquisitions to the SPR. 

While the suspension of deliveries to the SPR will provide an immediate, short term fix for today’s escalating gas prices, we must also develop a long term plan that invests in renewable and alternative energy sources which will ultimately reduce our dependence on foreign oil.  This is why I am co-sponsoring H.R. 1398, legislation that mandates ten percent ethanol in all gas and five percent biodiesel in all diesel by the year 2010.  Increasing the amount of ethanol and biodiesel in our domestic fuel will provide a new market for our farm families and reduce the price we pay at the pump by as much as 70 cents a gallon.  These standards will also create jobs at ethanol and biodiesel plants and reduce our dependence on foreign oil. 

Another vital component of the Energy Policy Act is the provision for federal tax credits of up to $3,400 for the purchase of a hybrid vehicle.  Hybrid vehicles promote greater fuel efficiency by relying on a combination of gasoline and electric power.  Fueleconomy.gov is an excellent web-based resource for detailed information on how to obtain the credit.

While I applaud the President for echoing my call of nearly eight months ago, I fear his push for an investigation into price gouging and the suspension of deliveries to the SPR is too little, too late.  Farm families throughout America have gone out of business over the last eight months due to unprecedented gas and diesel prices.  Many of Arkansas’s working families tackle difficult choices about their basic necessities as they face record breaking prices at the pump.  As the Representative for Arkansas’s Fourth Congressional District, I am committed to working with my colleagues on both sides of the aisle to reduce the price that Americans pay at the gas pump. 

Ross issued the following statement regarding passage of the legislation:
“In today’s evolving world, technological advancements are being made at a previously unimaginable pace.  The Telecommunications Act of 1996 is outdated and must be revised to reflect today’s rapidly evolving needs.

“Technological change is driving the convergence of a number of previously distinct telecommunications and media markets.  Digital technologies are being deployed in and carried over wireline, cable, and wireless networks that are increasingly capable of providing voice, data, and video services over a single broadband platform.  By streamlining the franchising process, the COPE Act will bring more products, options and competition thereby reducing cost to consumers.  As the highest-value telecommunications service, video is the driving force of infrastructure development.  More infrastructure is desperately needed in the 150 small towns I represent.  A national franchise agreement will enable rural Americans to have access to the latest technology.